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New for EnterpriseOne: Contractor Services Module Solves 3-Way Match Headache for Services Receipts

A common challenge for companies trying to manage their Procure-to-Pay business process is encountered when trying to implement the segregation of duties & other controls mandated for Sarbanes-Oxley and Audit compliance. Whereas materials & parts procurement have JDE applications that easily support the 3-way match of Purchase Order – Receipt – Payment Voucher, companies procuring Services from Contractors are frequently faced with the dilemma of how to perform a Receipt of Services? All too often, companies arrive at a hodge-podge of process and JDE usage, ranging from flip-flopping the quantity and extended price fields on the PO, forwarding invoices via mail to the original requestor of services procurement for a “manual approval to pay,” and external software systems managing “A/P approvers.”

With the new Contractor Services Module for EnterpriseOne, managing Contractor Services procurement has never been easier. In this Session you will see how this EnterpriseOne native module allows your company to overcome the challenges that plague your Procurement, Operations, and Accounts Payables groups.

Objectives:

Need to create a $1M “Standing” Purchase Order to a Contractor for providing services over the next year, but ensure the PO# referenced on the Vendor Invoices remains consistent throughout the duration of the drawdown of available funds?…no problem.
Planning Contractor Services on a Work Order, or having a Contractor submit Time/Expense/Rental Equipment against WO’s that were simply delegated to them?…no problem.
Positive Receipt of Services inside JDE which enables Voucher Matching up to the amount of the received Services?…again, no problem.

Presented by Scott Hollowell, Asset Management Solutions

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New for EnterpriseOne: Contractor Services Module Solves 3-Way Match Headache for Services Receipts